In our country, there are many financial institutions that offer their clients the possibility of granting a loan, whether personal, for housing, debt unification and many others. People should be cautious and study well the requirements and conditions of each one of the institutions, so that they know the details in their totality and then […]

Law 9859, known to the public as “Law against Usury“, has reformed several articles of the Law for the Promotion of Competition and Effective Consumer Defense in benefit of potential debtors. As the main highlights, we can mention that this reform establishes the method which the Central Bank will use to establish, in the months of […]

As indicated by Law 7472 “Promotion of Competition and Effective Consumer Defense”, the Central Bank of Costa Rica is the entity in charge of calculating and establishing the limits of the maximum interest rates, twice a year, in January and July. The definition of these maximum limits for interest in colones, dollars and other currencies […]

On June 20th of this year, the new law number 7472 that regulates interest rates, “Promotion of competition and effective consumer defense”, also popularly known as the “usury law”, was published in the Official Gazette. This law establishes, among other aspects, the methodology that must be used to set the maximum interest rates, from which […]

The past April 2nd, La Gaceta Official Gazette published the Law on Mobility and Cycling Safety, with which the integrated mobility and cyclist’s safety are considered of public interest. Through legislative decree 9960, it seeks to encourage the use of bicycles as a means of transport for work or recreation. This law is part of […]

[spacer height=”10px”] Costa Rica proposes that the Central Bank and the Commission promote competition and set a single percentage in the fees paid by businesses for accepting credit or debit cards The affiliation commissions in Costa Rica are, in their majority, superior to 4% without differentiating between credit and debit cards, while at an international […]

This past October 8th, the New Civil Procedural Code (NCPC) came into force, law number 9342, which repeals almost entirely the past code (CPC) and modifies important procedural institutes that adapt to the dynamics of an oral procedural system. This orality and immediacy characteristic implies one of the pillars of the reform in the civil […]

The Costa Rican Commerce Code is one of the most evolved regulations in our Civil Law. For this reason, trade in Costa Rica has received a large amount of foreign investment through contracts equivalent to its foreign versions in other legal systems. A clear example is the trust, which shares the structure and objectives of […]

When investing money, when looking for financing, and even, when you want to safeguard your heritage or own assets for the benefit of your loved ones, there is a word that describes and motivates a person from the thoughts to the actions; that word is: the trust. If you do not have confidence, the option […]

Factoring -also known as assignment of the transfer of invoices or discount of invoices– is one of the most widely used financial tools in Costa Rica. This type of financing has been practiced for many years in the country and it´s frequently used by companies that need to improve their liquidity promptly and to continue […]